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H.R.1654: Budget Process Improvement Act of 2013
About this Bill
|You can||read the bill|
|Sponsor||Jim Renacci, R-Ohio|
|Total Cosponsors||11 (7 Democrats, 4 Republicans)|
|Introduced||April 18, 2013|
|Latest Major Action||April 18, 2013|
|See it on||GovTrack|
|See it on||C-SPAN|
- Bill introduced in the House
- Bill passed in the House
- Bill passed in the Senate
- Bill signed into law
Budget Process Improvement Act of 2013 - Amends the Congressional Budget Act of 1974 (CBA) to require: (1) the Director of the Congressional Budget Office (CBO) to include a descriptive analysis for the second decade budget impact of a measure when submitting a cost estimate of it, and (2) the Joint Committee on Taxation (JCT) to provide such an analysis when its submitting revenue estimates to CBO.
Requires the Office of Management and Budget (OMB) to publish a report on the size, scope, risk, and cost of the contingent federal liabilities, including the implicit guarantees to government sponsored enterprises (GSEs) such as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac).
Requires the Secretary of the Treasury to conduct performance reviews of JCT-identified tax expenditures on an ongoing basis.
Requires OMB to: (1) develop a proposal for the implementation of an accrual-based accounting sy...
(Source: Congressional Research Service)
|April 18, 2013||Referred to House Ways and Means|
|April 18, 2013||Referred to House Oversight and Government Reform|
|April 18, 2013||Referred to House Rules|
|April 18, 2013||Referred to House Budget|